Listing Agency: Axis 360 Commercial Real Estate Specialists

Listed By: Laura Pritts · License #IL471201573 Show Phone

Source: Crexi

Added: Sep 19 Changed: Sep 24 Last Checked: Sep 24 at 2:38PM

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Investment Insights

Based on property information with market context.

This freestanding restaurant has been remodeled and includes a patio, bar, and dining areas. The kitchen is fitted with a 20-foot hood, walk-in coolers, a freezer, a grease trap, and restaurant equipment. Restrooms have been updated to meet ADA accessibility standards. Gaming and liquor licenses are available.

The property is located at 201 South Fayette Street in El Paso, Illinois.

Key Highlights

• Freestanding restaurant with patio
• Remodeled interior with bar and dining areas
• Kitchen includes a 20‑foot hood, walk‑in coolers, a freezer, and a grease trap

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Commercial hood

Yes

Grease trap

Location Intelligence

Trade Area within ½ mile

257

Businesses Nearby

79k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Dining 38% Groceries 6% Home Improvements & Furnishings 5%

McDonald's Dining

22,067 visits/mo 0.2 miles

El Paso #2 Shops & Services

20,141 visits/mo 0.1 miles

BP Shops & Services

15,447 visits/mo 0.2 miles

Dollar General Market Groceries

4,952 visits/mo 0.2 miles

El Paso Mexican Restaurant Dining

3,951 visits/mo 0.3 miles

Demographics for 61738, IL

4,253

Population

1,741

Households

2.4

Avg Household Size

41

Median Age

26%

College-Educated

95%

High-School Grad

86.2 sq mi

ZIP Area

49

Density / Sq Mi

$83,116

Median Household Income

$42,487

Median Earnings

$1,036

Median Rent

$174,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Kitchen infrastructure and installed equipment support restaurant operations.

Where is this conventional restaurant located?

The property is located at 201 South Fayette Street El Paso, IL.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Freestanding restaurant with patio; Remodeled interior with bar and dining areas; Kitchen includes a 20‑foot hood, walk‑in coolers, a freezer, and a grease trap